Faurecia investors agree to hold shares 6 months after PSA-FCA merger
PARIS — Major investors in Faurecia have agreed to a six-month hold on selling shares following the closing of the merger between Fiat Chrysler Automobiles and PSA Group, which would trigger the distribution of PSA’s 46 percent stake in the…
Pragmatism prevails on the road to closing PSA-FCA merger
The COVID-19 pandemic may have reinforced the industrial logic of the merger between PSA Group and Fiat Chrysler Automobiles, but it has also made the original financial terms of the agreement unsustainable. In what was presented as a pragmatic move,…
